$ZORA — Post-Spike Accumulation or Trend Reversal?

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◆ MARKET OVERVIEW

ZORA surged sharply to 0.01260 before retracing most of the move.

Current price sits near 0.01093 as the market decides between accumulation and a failed breakout.

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◆ TECHNICAL ANALYSIS

➤ The chart displays a classic spike-and-retracement structure.

✔︎ MA5: 0.01077

✔︎ MA10: 0.01067

✔︎ MA20: 0.01053

➤ Price remains above all three moving averages.

➤ Volume exploded during the spike but has since declined significantly.

➤ 90-Day Performance: -36.93%

➤ This remains a higher-risk setup requiring confirmation.

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◆ KEY LEVELS

① R1: 0.01127 (24H Resistance)

② R2: 0.01260 (Spike High)

① S1: 0.01053 (MA20 Support)

② S2: 0.01017 (Critical Low)

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◆ SCENARIOS

🟢 Bullish

➜ Reclaim 0.01100 with strong volume.

➜ Opens the door for a move toward 0.01127 and 0.01260.

🔴 Bearish

➜ Lose MA20 support at 0.01053.

➜ Risk of a decline toward 0.01017 and lower.

⚪ Neutral

➜ Sideways trading between 0.01040 and 0.01100.

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◆ OUTLOOK

➤ ZORA must reclaim and hold above 0.01100 to improve sentiment.

➤ The recent spike demands patience and confirmation.

✔︎ Monitor volume closely around S1 support.

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